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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $160.24
- 2 Days on Market
- MLS # : 14488733
- Updated Date : 12/19/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,529 sqft
- Baths : 2 full
Listing Agent
Home Sweet Home Realty
Listing Agent's Description
Lovely home ready for your family to make it their own. Open floor concept with granite countertop in the kitchen and stainless steel appliances. Home has freshly painted walls and enjoy the convenience of having all engineered wood flooring throughout the house. Lovely large backyard for family to enjoy. A Must See!
SEE MORE
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Rolling Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rolling Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$562 | |
| Property Insurance | -$116 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$39
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$245,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
3.58
YEARS SAVED
$9,713
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,521
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
13148 Larks View Point Fort Worth, TX 5
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2011
![property image]()
- Rent
- Rent Per SQFT
- $1,670
- $1.09
-
4317 Latigo Circle Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2004
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,600
- $1.01
-
13216 Fencerow Road Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2006
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
12916 Cedar Hollow Drive Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2006
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
4413 Ravensbrook Court Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005
![property image]()
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
Home Sweet Home Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488733
Last Updated: 12/19/2020
